Historic moments
By David Dungay
AS BUSINESSES CONTINUE to
struggle in the wake of the
Coronavirus there is a glimmer
of hope when looking at the
markets. BT has recovered
some ground this month,
as have many others in the
telecoms space. As usual,
Gamma has held its position as
it continues to have a strong
foothold in the Channel. The
company is now offering
support packages for those
partners who have customers
slipping into administration,
which is a huge benefi t for its
channel customers.
The fear of end user
insolvencies is so far
unfounded, but a betting man
would say there is a big fallout
to come. May recorded the
lowest insolvencies for the
last 3 years in the UK, but it will
take another few months for
the fi gures to catch up with the
Pre & Post EU Referendum Vote
KEY CHANNEL INDICATORS
Indicator 23 Jun 16 23-June-20 Change Change %
FTSE 100 6,338 6,316.70 21.3 -0.34%
FTSE 250 17,333 17,673.78 340.78 1.9%
BT 439.70 121.50 318.20 -72.36%
Vodafone 217.90 129.28 88.62 -40.67%
TalkTalk 226.60 89.95 136.65 -60.30%
Gamma 440.50 1,265.00 824.50 187.17%
£/$ 1.487 1.25 0.237 -15.94%
£/€ 1.307 1.10 0.207 -15.84%
www.commsbusiness.co.uk
reality.
In April, the economy
retracted 20% which was
the largest decline on record.
Confi dence is clearly returning
to the markets as the lockdown
is slowly relaxed. However, the
jobs market will remain weak
for some time. October will likely
bring mass unemployment after
the furlough scheme ends,
which will only prolong the
recovery.
The good news is the initial
doomsday forecasts from the
economic experts have been
updated to refl ect a slightly
more favorable outcome, but
still one that will make the
history books. The additional
support from the Bank of
England, to the tune of £100bn,
has helped these forecasts.
The uncertainty around the
Brexit negotiations is also
playing against the UK.
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